Posts Tagged ‘owner finance mortgages’
Finance Mortgages
October 21st, 2007
Question: with a score of 500, is there a reputable mortgage company that will finance a mortgage for me today?
i have no bankruptcys but i have collections out the @#! anyway, these collections are from companies that keep updating my report as though I am late this month when in fact it's from 2000, i've paid credit repair companies to fix it and they just keep coming back and updating every month, in turn my score remains around 500, is there anyone that can help me, oh i have written all 3 credit bureaus about this.
Answer: sorry you won''t get a loan with that score and open collections.
Second Mortgage Crisis 60 Minutes (Finance)
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Owner Finance Mortgage
June 28th, 2007
Question: Owner financing mortgage?
I asked this question earlier but i left out the why so maybe with a new title and more detail people can better help me... and to the people who answered it previously THANK YOU!!!
Mortgages and escrow?
Is it possible to take your taxes and insurance out of escrow?
Additional Details
The reason for my asking is because I am buying a 2 family house and doing owner financing and wanted to pay it by myself directly from my checking to make sure it's paid for my records.
Answer: Yes, as long as the house appraises high enough that the lien (mortgage) on the house is 80% or less.
If you are in the U.S., then there is legislation that mandates that the owner must be notified that they can cancel the escrow account if the mortgage is 79% of the appraisal amount.
We own our house and have never escrowed our taxes or insurance since we put 20% down and opted out of escrowing right away.
!!! Owner Finance !!! 4 Br, 2 Ba, 2 Story !!! No Credit Check !!!